The Spanish Council of Ministers has announced the approval of a Royal Decree-Law on 27 December 2023 to extend certain measures in response to the economic and social consequences resulting from the conflicts in Ukraine and the Middle East, as well as to alleviate the effects of the drought. The measures include:
- An extension of several VAT rate reductions from 1 January 2024 (previously provided a 5% rate):
- a reduced rate of 10% on qualifying supplies of electricity until 31 December 202…